Answer:
The value of closing inventory is $3,500
Cost of goods sold $40,670
Explanation:
The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.
The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.
Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.
Hence the value of closing inventory is computed thus:
May 5 20*$85=$1,700
Nov 3 20*$90=$1,800
Total $3,500
The costs of goods sold are is computed thus:
Opening inventory 60*$82 $4,920
May 5 230*$85 $19,550
Nov 3 180*$90 $ 16,200
Total $40,670
Answer: which includes reducing employment, using new technology to be more efficient in pumping oil
Explanation: The question involved a brief explanation of the financial crisis oil companies in the North sea are passing through as a result of falling oil prices. The option I chose, I believe is the best arranged of the list of given options.
Answer:
option (c) 9%
Explanation:
Data provided in the question:
current price of outstanding shares = $38.89
Last Dividend paid = $3.50
Marginal tax rate = 34%
Now,
cost of preferred equity = Dividend ÷ Price per share
thus,
cost of preferred equity = $3.50 ÷ $38.89
or
cost of preferred equity = 0.0899
or
cost of preferred equity = 0.0899 × 100%
= 8.99% ≈ 9%
Hence,
The correct answer is option (c) 9%
A)Money is the scarce resource because you only have enough for buying one thing.
B) movie or pizza
C)?
Answer:
$84,000
Explanation:
preference share dividend is at 5% on $100 par value. The number of preference shares is 12,000 shares ( non cumulative)
The year 2017 preference share dividend pay out is 5% of 100 multiplied by 12,000 = $60,000
Deduct $ 60,000 from $144,000 dividend declared in 2017 , the balance is common stockholders dividend.
144,000 minus 60,000 = $84,000
Non cumulative preference shares dividend are paid first for the year the company declares dividend. The dividend is not cumulative ( prior years dividend for which company did not declare dividend are forfeited).
The common stockholders are paid dividend after preference shares dividend are paid. The common stockholders bears the full risk of the business as seen above. In event of liquidation, they are the last to be settled from realised asset of the bankrupt company.
